Africa Cross Border Road Freight Transport Market Outlook
According to a new report by Expert Market Research titled, “Africa Cross Border Road Freight Transport Market Size, Share, Analysis, Report and Forecast 2024-2032″, Africa cross border road freight transport market is projected to grow at a CAGR of 4.7% between 2024 and 2032. Aided by the continent’s growth in trade, regional integration, and infrastructural developments, the market is expected to grow significantly by 2032.
Cross-border road freight transport in Africa is an essential pillar supporting intra-African trade. This mode of transportation facilitates the movement of goods between different African countries, thereby playing a pivotal role in enhancing regional economic integration. Goods such as agricultural products, minerals, manufactured items, and consumer goods are commonly transported using this method.
The boom in intra-African trade is one of the key Africa cross border road freight transport market trends driving the market growth. As African nations continue to form trade alliances and reduce trade barriers, the volume of goods being transported across borders by road has seen an uptick. The African Continental Free Trade Area (ACFTA) agreement, which aims to create a single market for goods and services across 54 countries, exemplifies such initiatives.
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Infrastructure development, particularly the enhancement and expansion of road networks, has also significantly propelled the Africa cross border road freight transport market expansion. Several countries, with backing from international organisations, have been investing in inter-country highway projects, linking major trade corridors, and enabling efficient movement of goods.
Furthermore, tech-driven solutions like logistics apps and digital tracking have revolutionised the cross-border freight sector. These platforms optimise routes, reduce costs, and improve transparency, providing positive outlook to the market.
Another significant factor supporting the Africa cross border road freight transport market share is the increasing emphasis on sustainable transport. As African nations look to reduce carbon emissions and promote environmental sustainability, there’s a push for efficient logistics and transport mechanisms, further propelling the market.
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Lastly, the surge in e-commerce platforms and digital trade across the continent has bolstered demand for efficient and reliable cross-border road freight services. As consumers order goods from different parts of Africa, there’s a pressing need for efficient logistics services to ensure timely and safe delivery, driving the Africa cross border road freight transport market growth.
Africa Cross Border Road Freight Transport Market Segmentation
The market can be divided based on service, platform, end use, and country.
Market Breakup by Service
- Cross-border Freight Transport
- International Transportation Management and Freight Forwarding
- International Warehousing and Logistics
Market Breakup by Platform
- Crowd Shipping Platform
- Digital Freight Exchange
- Specialised and Generic Marketplaces
- Tender Platform
Market Breakup by End Use
- Manufacturing and Automotive
- Oil and Gas
- Chemicals
- Agriculture, Fishing, and Forestry
- Distributive Trade
- Pharmaceutical and Healthcare
- Others
Market Breakup by Country
- South Africa
- Egypt
- Nigeria
- Algeria
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Africa cross border road freight transport companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- DSV Panalpina A/S
- Unitrans Supply Chain Solutions (Pty) Ltd
- Deutsche Post AG
- Cargo Carriers (Pty) Limited
- CEVA Logistics
- Value Logistics Limited
- APM Terminals BV
- Bidvest Group Limited
- Biddulphs International
- DPD Laser Express Logistics (Pty) Ltd
- Super Group Ltd.
- Others
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